Toronto School of Art closes after 44 years

Toronto School of Art declared bankruptcy on Friday, November 30th, 2012, ending a more than 40-year-run.

Students and Faculty members were notified Thursday night and Friday morning to pick up their art supplfes from the third floor of the Adelaide St. W. location by 1 p.m. Friday.

The sudden close down was a bad surprise for staff and students. The main reasons for bankruptcy were declining enrolment and  the monthly challenge of renting about 1,100 square metres in a trendy neighbourhood.

TSA, a registered private career college, provided diplomas and certificates. As they website states there were 1,200 students each year and 50 faculty members. A non-profit, registered charity, it relied on donor funds and tuition, and was “independent of subsidies or government funding.”

It was a really good school proved by many of their formal students who found precious jobs upon graduating.